Core Insights - 2025 is a pivotal year for the medical equipment procurement market, with significant policy initiatives aimed at equipment upgrades and the construction of county-level medical communities driving a surge in procurement activities [1] - The CT procurement market has notably rebounded, with domestic manufacturers like Neusoft Medical achieving substantial sales growth, surpassing competitors like "GPS" [1] Market Performance - The CT market experienced over 90% year-on-year growth in both sales volume and revenue in Q1 2025, driven by policies related to equipment updates and county-level medical community construction [3][4] - In the CT market, 64-slice and below CTs account for over 70% of procurement, while 128-slice and 256-slice CTs represent approximately 11.66% and 16.63% respectively [4] Product Success - Neusoft Medical's NeuViz ACE series has excelled in the county-level medical community procurement market, securing large orders across multiple provinces [6] - NeuViz ACE UP ranked first in sales with a market share of 5.86%, indicating high market acceptance [9] Innovation and R&D - The increasing market acceptance of new products and technologies is evident, with stricter procurement requirements emphasizing AI-assisted diagnostics and advanced software [11] - Neusoft Medical has received 17 CT registration certificates from 2020 to 2025, accounting for 73.19% of the total, significantly outpacing established foreign competitors [12][13] Competitive Landscape - The competition in the medical equipment industry is evolving from product-based to ecosystem-based, with a focus on integrated solutions and smart technologies [15] - Neusoft Medical is leveraging its partnerships and advanced technologies to build a comprehensive ecosystem, enhancing its competitive position in the market [16]